Shares of SeaChange International Inc. (NASDAQ:SEAC) were down 3.4% on Thursday . The company traded as low as $2.75 and last traded at $2.82, with a volume of 2,547,559 shares traded. The stock had previously closed at $2.92.

A number of analysts recently weighed in on SEAC shares. Lake Street Capital downgraded SeaChange International from a “buy” rating to a “hold” rating and dropped their target price for the stock from $4.50 to $3.00 in a research report on Tuesday, August 23rd. Dougherty & Co dropped their target price on SeaChange International from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, August 24th. Finally, Zacks Investment Research downgraded SeaChange International from a “hold” rating to a “sell” rating in a research report on Friday, August 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $5.95.

The company has a 50-day moving average price of $3.17 and a 200 day moving average price of $3.95. The company’s market cap is $97.03 million.

SeaChange International (NASDAQ:SEAC) last issued its quarterly earnings results on Thursday, September 1st. The company reported ($0.21) EPS for the quarter, hitting analysts’ consensus estimates of ($0.21). During the same quarter in the previous year, the company earned ($0.04) EPS. The company earned $18.50 million during the quarter, compared to analysts’ expectations of $18.41 million. The business’s quarterly revenue was down 33.7% compared to the same quarter last year. Equities analysts predict that SeaChange International Inc. will post ($0.46) earnings per share for the current fiscal year.

In other SeaChange International news, Director Mary Palermo Cotton bought 25,000 shares of the business’s stock in a transaction that occurred on Friday, June 10th. The stock was purchased at an average price of $3.36 per share, for a total transaction of $84,000.00. Following the completion of the transaction, the director now owns 151,733 shares of the company’s stock, valued at approximately $509,822.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas F. Olson bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 16th. The shares were acquired at an average price of $3.40 per share, with a total value of $34,000.00. Following the transaction, the director now directly owns 167,121 shares of the company’s stock, valued at approximately $568,211.40. The disclosure for this purchase can be found here.

SeaChange International, Inc (SeaChange) is engaged in the delivery of multiscreen video. The Company’s products and services facilitate the aggregation, licensing, management and distribution of video and advertising content for cable television system operators, telecommunications companies, satellite operators and media companies.

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